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S&P 500 ends eight-day winning streak as Treasury yields soar

Nature

US-China Relations: US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng meet in San Francisco for the second day on Friday, ahead of the expected summit between Joe Biden and Xi Jinping at the Asia-Pacific Economic Cooperation forum, which begins on Saturday and lasts until November 17.

Economic indicators: China’s central bank is expected to release new figures for November renminbi lending, a gauge of credit demand, on Friday.

Earnings: Japanese multinational tire manufacturer Bridgestone will release its third quarter results on Friday.

Markets: Japanese stocks fell and Hong Kong futures pointed lower Friday morning. U.S. stocks ended an eight-day winning streak on Thursday after Federal Reserve Chairman Jay Powell warned against being “mistaken” by good price data, saying the mission to Bringing inflation back to the US central bank’s 2 percent target still had “a long way to go.” go”.

Singles Day in China: The country’s biggest annual shopping festival ends Saturday, with e-commerce sites like Alibaba and JD.com slashing prices to attract consumers.

Diwali: The annual ‘festival of lights’ will be celebrated on Sunday by Hindus in India, across Asia and around the world.

Nature

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